Nexity shares rise on prospects of interest rate cuts
** French real estate company Nexity's NEXI.PA shares rise 7.3%, outperforming a 0.3% fall in SBF120 .SBF120 index on the prospect of a potential cut in interest rates in the coming months
** "The current stock movement is certainly linked to the prospect of an acceleration in the fall in interest rates in the coming months which is driving the stock today, like most stocks in the real estate sector," says an analyst from Midcap Partners
** Brokerage adds, "as Nexity was one of the stocks most penalised by the context, it's in fact also the one with the most potential for a rebound as well in our opinion"
** Out of four analysts who cover Nexity SA, two rate it "strong buy" or "buy," while two recommend to "hold"
Reporting by Leo Marchandon
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